Monetary Policy Implementation

• This first book entirely dedicated to the implementation of monetary policy
• Provides both a simple theory of monetary policy implementation and a comprehensive overview of practice and academic views
• The author has ten years of hands-on experience of monetary policy implementation

Readership: Students taking post-graduate courses in monetary economics, academics working in the field of monetary economics, central bankers, and staff of international financial institutions.

Ulrich Bindseil, Deputy Head of the Risk Management Division, European Central Bank

Preface
1: Monetary policy implementation within the theory of monetary policy
2: The central bank balance sheet and the quantity side of monetary policy implementation
3: The control of short-term interest rates: a simple model
4: Standing facilities
5: Open market operations
6: Reserve requirements
7: Practice of monetary policy implementation in the 20th century
8: From the old to the new view on monetary policy implementation